The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,286 shares of the specialty chemicals company’s stock after purchasing an additional 82 shares during the period. Blue Trust Inc.’s holdings in Sherwin-Williams were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SHW. OFI Invest Asset Management bought a new position in shares of Sherwin-Williams during the 3rd quarter valued at about $25,000. Union Savings Bank acquired a new position in shares of Sherwin-Williams in the third quarter worth about $28,000. Providence Capital Advisors LLC lifted its position in shares of Sherwin-Williams by 44,853.3% in the first quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 6,728 shares in the last quarter. Lee Financial Co purchased a new stake in shares of Sherwin-Williams in the third quarter worth approximately $32,000. Finally, BluePath Capital Management LLC purchased a new stake in shares of Sherwin-Williams in the third quarter worth approximately $33,000. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the subject of a number of research analyst reports. StockNews.com raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday, March 8th. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their price target for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. Wolfe Research started coverage on shares of Sherwin-Williams in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Evercore ISI lifted their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $285.00 to $317.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $320.39.

Read Our Latest Report on SHW

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $347.33 on Friday. The firm has a fifty day simple moving average of $323.79 and a 200-day simple moving average of $290.71. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 2.25. The Sherwin-Williams Company has a 1-year low of $211.91 and a 1-year high of $348.37. The stock has a market capitalization of $88.38 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 2.57 and a beta of 1.15.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The business had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the company earned $1.89 earnings per share. Sherwin-Williams’s revenue for the quarter was up .4% on a year-over-year basis. On average, sell-side analysts expect that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 26th were given a dividend of $0.715 per share. The ex-dividend date was Friday, February 23rd. This represents a $2.86 dividend on an annualized basis and a yield of 0.82%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.61. Sherwin-Williams’s payout ratio is 30.92%.

Insider Buying and Selling

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the sale, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the sale, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the sale, the insider now directly owns 14,564 shares in the company, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Profile

(Free Report)

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.

See Also

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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